RIVERNORTH FLEX MUNI II (RFMZ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RFMZ - US76883Y1073
Taking everything into account, RFMZ scores 0 out of 10 in our technical rating. RFMZ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, RFMZ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 12.76, a Stop Loss order could be placed below this zone.
More info and screens
12.09
2 important support areas can be observed.
- A support zone ranging from 12.65 to 12.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 12.21 to 12.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 12.80 to 13.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.60 from a horizontal line in the daily time frame.
- Resistance @14.22 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 14.60 to 14.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for RFMZ is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RFMZ is down. |
| ChartMill Relative Strength | 33.44 | NEUTRAL | RFMZ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RFMZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RFMZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RFMZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.88 | NEUTRAL | The RSI value for RFMZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RFMZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.51 | OVERSOLD | The low Stochastics value suggests RFMZ may be oversold. |
| Average True Range in percent/ATR (20) | 1.02 | LOW VOLATILITY | The low ATR as a percentage value for RFMZ suggests low volalility. |
| Average Directional Index/ADX (14) | 15.89 | NEGATIVE | The low ADX value for RFMZ suggests a weak or negative trend. |
12.77
+0.01 (+0.08%)
RIVERNORTH FLEX MUNI II / RFMZ FAQ
Can you provide the ChartMill technical rating for RIVERNORTH FLEX MUNI II?
ChartMill assigns a technical rating of 0 / 10 to RFMZ.
Can you provide the trend direction for RIVERNORTH FLEX MUNI II?
The current trend direction for RIVERNORTH FLEX MUNI II (RFMZ) is Bearish.
What is the RSI signal for RIVERNORTH FLEX MUNI II (RFMZ) stock?
RIVERNORTH FLEX MUNI II (RFMZ) has an RSI value of 40.8824. This indicates that the stock is currently neutral.
What is the MACD signal for RIVERNORTH FLEX MUNI II (RFMZ) stock?
The MACD indicator for RIVERNORTH FLEX MUNI II (RFMZ) has a value of -0.0215385, indicating a bearish trend.
What is the short term momentum for RIVERNORTH FLEX MUNI II (RFMZ) stock?
The short term momentum for RIVERNORTH FLEX MUNI II (RFMZ) is negative.